ConocoPhillips $COP Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in ConocoPhillips by 5.7%, now holding 202,800 shares valued at approximately $18.2 million.
• ConocoPhillips reported **Q2 earnings** of $1.42 per share, exceeding analyst expectations, with revenues of $14.94 billion—up 4.3% year-over-year.
• The company announced a **quarterly dividend** of $0.78 per share, yielding 3.4%, with a current dividend payout ratio of 41.88%.

U.S. Capital Wealth Advisors LLC raised its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,800 shares of the energy producer's stock after buying an additional 10,904 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in ConocoPhillips were worth $18,199,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First National Bank Sioux Falls lifted its stake in shares of ConocoPhillips by 4.6% during the 2nd quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer's stock worth $231,000 after purchasing an additional 113 shares during the period. KLCM Advisors Inc. lifted its stake in shares of ConocoPhillips by 2.6% during the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer's stock worth $473,000 after purchasing an additional 115 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of ConocoPhillips by 3.9% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer's stock worth $334,000 after purchasing an additional 118 shares during the period. Piscataqua Savings Bank lifted its stake in shares of ConocoPhillips by 3.5% during the 1st quarter. Piscataqua Savings Bank now owns 3,705 shares of the energy producer's stock worth $389,000 after purchasing an additional 125 shares during the period. Finally, Citizens National Bank Trust Department lifted its stake in shares of ConocoPhillips by 6.1% during the 1st quarter. Citizens National Bank Trust Department now owns 2,176 shares of the energy producer's stock worth $229,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Down 1.7%

NYSE:COP opened at $91.89 on Monday. The company has a market capitalization of $114.77 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The stock has a 50-day simple moving average of $94.59 and a 200 day simple moving average of $92.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.98 earnings per share. Sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. ConocoPhillips's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COP shares. Raymond James Financial cut their target price on ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Melius started coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price on the stock. Roth Capital reaffirmed a "buy" rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Citigroup cut their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, Piper Sandler increased their target price on ConocoPhillips from $123.00 to $124.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $120.62.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.